A Guide To The Risks Of Investing In Carnival Corporation & plc (CUK)


Carnival Corporation & plc’s recently made public that its Director WEISENBURGER RANDALL J acquired Company’s shares for reported $1.18 million on May 25. In the deal valued at $11.76 per share,100,000 shares were bought. As a result of this transaction, WEISENBURGER RANDALL J now holds 870,950 shares worth roughly $ 8.41 million.

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Then, PARKER SIR JOHN sold 7,048 shares, generating $125,548 in total proceeds. Upon selling the shares at $17.81, the Director now owns 0 shares.

Before that, Thamm Michael Olaf sold 3,841 shares. Carnival Corporation & plc shares valued at $79,195 were divested by the Group CEO – Costa Crociere at a price of $20.62 per share. As a result of the transaction, Thamm Michael Olaf now holds 205,465 shares, worth roughly $1.98 million.

Berenberg upgraded its Carnival Corporation & plc [CUK] rating to a Hold from a a Sell in a research note published on Tuesday. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “an Outperform”. Berenberg also remained covering CUK and has increased its forecast on July 29, 2020 with a “Hold” recommendation from previously “Sell” rating. Morgan Stanley started covering the stock on June 03, 2020. It rated CUK as “an Underweight”.

Price Performance Review of CUK

On Tuesday, Carnival Corporation & plc [NYSE:CUK] saw its stock fall -0.10% to $9.66. On the same session, the stock had its day’s lowest price of $9.55, but rose to a high of $9.88. Over the last five days, the stock has lost -0.92%. Carnival Corporation & plc shares have risen nearly 34.35% since the year began. Nevertheless, the stocks have fallen -47.56% over the past one year. While a 52-week high of $22.12 was reached on 01/18/23, a 52-week low of $5.43 was recorded on 01/03/23. SMA at 50 days reached $8.38, while 200 days put it at $9.70.

Levels Of Support And Resistance For CUK Stock

The 24-hour chart illustrates a support level at 9.51, which if violated will result in even more drops to 9.37. On the upside, there is a resistance level at 9.84. A further resistance level may holdings at 10.03. The Relative Strength Index (RSI) on the 14-day chart is 67.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.31%. Stochastics %K at 84.84% indicates the stock is a selling.

How much short interest is there in Carnival Corporation & plc?

A steep rise in short interest was recorded in Carnival Corporation & plc stocks on Oct 13, 2022, growing by 2.21 million shares to a total of 7.89 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 5.68 million shares. There was a rise of 28.01%, which implies that there is a positive sentiment for the stock.

Carnival Corporation & plc [CUK] – Who Are The Largest Shareholders?

In filings from Aristeia Capital LLC, it is revealed that the company now owns 11,247,602 shares, or roughly 6.04% of the outstanding CUK shares. In other words, the investor’s shares have risen by 1,245,199 from its previous 13-F filing of 10002403.0. Additionally, Janus Henderson Investors UK Ltd. increased 65.11% of its stake after which the total value it holdings stand at $18,287,751, while JPMorgan Securities LLC added 18.44% of its stake to hold $17.7 million in the firm. Over the last quarter, BofA Securities, Inc. purchased 1,260,089 shares of Carnival Corporation & plc, while CQS bought 1,166,383 shares. At present, Millennium Management LLC is holding 1,354,278 shares valued at $9.74 million. Citadel Securities LLC owned 1,034,672 shares of the company at the time of its most recent 13F filing, worth $7.44 million.

However, 21 analysts have rated CUK stock as a Hold in their predictions for 2023.


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